527 E Ray Road, Gilbert, AZ 85296
Property image
Property image
OFF MARKET

527 E Ray Road
Gilbert, AZ 85296

Tierra Madre
  • 3 Beds
  • 3 Baths
  • 1,456 sqft (on 4.12 acres)

$1,422,200

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $7,820/mo*
Refinance Your Home

$1,422,200

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $7,820/mo*
Refinance Your Home
3 Beds
3 Baths
1,456 sqft
(on 4.12 acres)

Home Value

Trulia Estimate
$1.42M
Since last month
Increased$165K (+13.1%)
Since last year
Increased$110K (+8.4%)
Since last sale
Decreased$781K (-35.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +246% in the last 10 years
MonthEstimated value
2026
August 2026$1.42M
July 2026$1.3M
June 2026$1.25M
May 2026$1.28M
April 2026$1.26M
March 2026$1.31M
February 2026$1.47M
January 2026$1.43M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1810 S LINDSAY Road, Gilbert, AZ
0.38
Single-Family Home
$2,165,000
12/17/25
4
4
2,820
1718 S 140TH Place, Gilbert, AZ
0.15
Single-Family Home
$1,600,000
05/20/26
5
3
3,491
332 E HARRISON Street, Gilbert, AZ
0.36
Single-Family Home
$1,251,450
06/26/26
3
2
2,409
13613 E Shannon Street, Gilbert, AZ
0.57
Single-Family Home
$1,400,000
04/15/26
3
3
2,640
1451 S LA ARBOLETA Drive, Gilbert, AZ
0.28
Single-Family Home
$699,000
02/06/26
4
3
2,142
414 E MORGAN Drive, Gilbert, AZ
0.79
Single-Family Home
$1,350,000
08/26/25
4
3
2,604
140 E PONY Lane, Gilbert, AZ
0.76
Single-Family Home
$3,150,000
02/06/26
4
4
3,489

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
465 E RAY Road, Gilbert, AZ 85296
0.05
$576,700
1
1
2,440
Off Market
1716 S 141ST Place, Gilbert, AZ 85295
0.09
$1,231,300
4
4
3,051
Off Market
1737 S 141ST Place, Gilbert, AZ 85295
0.14
$1,793,300
5
4
4,486
Off Market
1718 S 140TH Place, Gilbert, AZ 85295
0.15
$1,600,000
5
3
3,491
Recently Sold
552 E CONSTITUTION Drive, Gilbert, AZ 85296
0.14
$1,034,300
4
5
3,400
Off Market
665 E Constitution Drive, Gilbert, AZ 85296
0.20
$760,000
4
2
3,014
Recently Sold
659 E Betsy Lane, Gilbert, AZ 85296
0.23
$662,300
4
3
3,023
Off Market
629 E ORCHID Lane, Gilbert, AZ 85296
0.25
$665,000
4
3
3,023
Recently Sold
701 E LIBERTY Lane, Gilbert, AZ 85296
0.26
$590,000
4
2.5
2,360
Recently Sold
1446 S CORRINE Drive, Gilbert, AZ 85296
0.25
$602,900
4
3
3,023
Off Market
670 E BETSY Lane, Gilbert, AZ 85296
0.27
$676,800
4
2
1,924
Off Market

Local Information

  • Map ViewExplore the area around 527 E Ray Road.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1972
Lot Size
4.12 acres
Living Area
1,456 sqft
Price/Sqft
$977
Parking
Garage

About this House

AMAZING AND RARE INVESTMENT OPPORTUNITY in the HEART of GILBERT! Surrounded by city amenities and breathtaking mountain views, the land can be subdivided into 4, 1+ acre lots or left as is to build your dream estate and horse stables. With NO HOA, and residential zoning, the space is yours to develop as you desire. Located just minutes from downtown Gilbert and the San Tan Mall, Main Event, Top Golf -- PLUS all of the outdoor dining and shopping experiences the San Tan Village community offers!

Tenants are currently in place until March 2026.
527 E Ray Road, Gilbert, AZ 85296 is a 3 bedroom, 3 bathroom, 1,456 sqft single-family home in Tierra Madre, built in 1972. It last sold for $2,200,000 on Sep 28, 2023 (20% below the $2,750,000 asking price). It is currently off market. The Trulia Estimate is $1,422,200, with a rent estimate of $2,838/month.

Home Details for 527 E Ray Road

Interior Features

Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3
Dimensions and Layout
Living Area: 1456 Square Feet
Heating & Cooling
Heating: ElectricHas CoolingAir Conditioning: Evaporative CoolingHas HeatingHeating Fuel: Electric
Fireplace & Spa
Spa: None
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1

Exterior Features

Exterior Home Features
Roof: Composition Built UpFencing: Partial, WireNo Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Carport Spaces: 2Number of Covered Spaces: 4Has a CarportHas a GarageParking Spaces: 4Parking: Garage, Carport
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 163

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Painted, BlockNot Attached Property
Property Information
Condition: FixerParcel Number: 30443097B

Price & Status

Price
List Price: $2,750,000
Status Change & Dates
Off Market Date: Thu Sep 28 2023Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: GilbertCommunity: Tierra Madre
School Information
Elementary School: Ashland ElementaryJr High / Middle School: South Valley Jr. HighHigh School: Mesquite High School

Building

Building Area
Building Area: 1456 Square Feet

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 4.1233 Acres

Offer

Listing Terms: Cash, Conventional, 1031 Exchange, FHA

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6545754
Last check for updates: about 23 hours ago
Listed by Lindsay A Mozena, (480) 266-7656
Realty ONE Group
Connor David, (480) 534-0882
Realty ONE Group
Bought with: Dominick Montano, (480) 861-0403, HomeSmart
Source: ARMLS, MLS#6545754
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price and Tax history

DateEventPrice
Sep 28, 2023
Source: ARMLS #6545754
Sold
$2,200,000
Apr 19, 2023
Source: ARMLS #6545754
Listed For Sale
$2,750,000

Market trends in Gilbert

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$574K
$4.67KMoM
Sale-to-List Price
98.9%
Price per sq ft
$279
$0MoM
Available listings
1109
12MoM
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Around this home

Neighborhood Overview

Tierra Madre
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Tierra Madre

At least 5 Trulia users voted on each feature.

  • 100 % Say people would walk alone at night

  • 100 % Say there's holiday spirit

  • 100 % Say streets are well-lit

  • 100 % Say there are sidewalks

  • 100 % Say car is needed

  • 89 % Say it's dog friendly

  • 89 % Say parking is easy

  • 88 % Say it's quiet

  • 83 % Say yards are well-kept

  • 67 % Say kids play outside

  • 67 % Say they plan to stay for at least 5 years

  • 62 % Say neighbors are friendly

  • 50 % Say it's walkable to restaurants

  • 40 % Say it's walkable to grocery stores

  • 30 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kirsten G.
    "My neighborhood is unique because of how safe it is and how diverse the properties can be. Good place to raise kids. The transit is awful. Lots of restaurants."
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Apartments for Rent

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Homes for sale near 527 E Ray Road

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Off Market Homes Near 527 E Ray Road

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Frequently asked questions about 527 E Ray Road

  • What is 527 E Ray Road estimated to be worth?
    Trulia's estimated value for 527 E Ray Road in Gilbert, AZ is $1,422,200.
  • What is the price history for 527 E Ray Road?
    527 E Ray Road in Gilbert, AZ last sold for $2,200,000 in September 2023.
  • Is Gilbert a buyer's or seller's market?
    Gilbert is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Gilbert?
    The median sale price in Gilbert is $574K. That is up $4.67K from the prior month.
  • Does 527 E Ray Road have air conditioning?
    Yes, 527 E Ray Road in Gilbert, AZ has air conditioning.
  • How big is the lot at 527 E Ray Road?
    The lot at 527 E Ray Road in Gilbert, AZ is about 4.1 acres.